Did our money go to pay for Merrill Lynch's prostitution bills ?

[Avantas]

Wall Street CEOs, lawyers, bankers and media executives chalked up thousands of dollars in prostitution charges on their corporate credit cards — swiping their cards for $2,000 an hour prostitutes, according to a New York madam who pleaded guilty last year.

The madam, Kristin Davis, went public on ABC News last week, and said that she has a list of over 9,800 clients, many of whom she says New York prosecutors deliberately avoided when taking her case.

Among her clients were: a vice president of NBC Universal, the part owner of a Major League Baseball team, the CEO of one of the country’s largest private equity firms, an investment banker from Lehman Brothers, an investment banker at JP Morgan Securities who spent $41,600, an investment banker at Goldman Sachs who spent $27,000, and a managing director from Merrill Lynch.

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http://wayangparty.com/?p=5413

 

[Tiu-leh-see-fart]

Wah, JB morgan, Goldman sach, merrill lynch, they were praised by singapore top rung people before.

how come their investment bankers are suckers for prostitutes, they can come singapore and get Istana people to find for them local delights and no one will know.

Wall Street CEOs, lawyers, bankers and media executives chalked up thousands of dollars in prostitution charges on their corporate credit cards — swiping their cards for $2,000 an hour prostitutes, according to a New York madam who pleaded guilty last year.

The madam, Kristin Davis, went public on ABC News last week, and said that she has a list of over 9,800 clients, many of whom she says New York prosecutors deliberately avoided when taking her case.

Among her clients were: a vice president of NBC Universal, the part owner of a Major League Baseball team, the CEO of one of the country’s largest private equity firms, an investment banker from Lehman Brothers, an investment banker at JP Morgan Securities who spent $41,600, an investment banker at Goldman Sachs who spent $27,000, and a managing director from Merrill Lynch.

Read rest of article here:

http://wayangparty.com/?p=5413

 

[allanlee]

It's a common occurrence here as well...... I know of many who chalked up entertainment expenses on the company's account also include the charges for the hostesses "special" services

 

[allanlee]

Another common practice is to order 1 $300.00 bottle of Martell but will charge $3K to the company account....... the outlet will then split the "profit" with the customer